03 Nov 2025, 11:42 am
Income Tax - Limitation, Assessment Order, Dispute Resolution Panel (DRP), Electronic Mode of Communication - The assessee filed an appeal against the Final Assessment Order (FAO) passed by the Assessing Officer (AO) on 01.07.2022 for the Assessment Year 2018-19. The assessee contended that the FAO ...
Income Tax - Permanent Establishment, Royalty, Refund - The assessee is a tax resident of the USA and is engaged in the distribution of films produced either by itself or by other third parties. The assessee entered into an agreement with Warner Bros. Pictures (India) Pvt. Ltd. ("Warner Bros. India"...
Income Tax - Reopening, Unexplained Credit, Source of Source - The assessee, an NBFC, received loan from Omrim Securities Ltd. which in turn borrowed from Jalaram Finvest Ltd. and other entities. The AO reopened the assessment and made an addition of Rs. 1,30,00,000 under section 68 treating the loa...
Income Tax - Cross-Examination, Violation of Principles of Natural Justice, Reliance on Unverified Third-Party Evidence - The revenue made an addition of INR 4,63,40,539/- to the assessee's income on the basis of an Excel sheet retrieved from a WhatsApp chat during a search operation and a statement...
Income Tax - Violation of principles of natural justice, Admission of additional evidence under Rule 46A, Contradictory findings by the CIT(A) - The assessee filed additional evidence along with a petition under Rule 46A before the CIT(A), but the CIT(A) did not communicate any decision regarding th...
Notification No. 155/2025 | 27-Oct-2025
Delegation of concurrent powers to the Commissioner of Income Tax, CPC Bengaluru for Rectification of Mistakes U/s 154 and issuance of Notices U/s 156 of Income Tax Act, 1961
Notification No. 154/2025 | 24-Oct-2025
Double Taxation Avoidance Agreement between the Government of The Republic of India and the Government of The State of Qatar
Notification No. 03/2025 | 17-Oct-2025
Approval of M/s Institute of Advanced Medical Research & Innovations Forum for Scientific Research under Section 35(1)(iia) of the Income Tax Act, 1961
Notification No. 02/2025 | 17-Oct-2025
Approval of M/s Mazumdar Shaw Medical Foundation for Scientific Research under Section 35(1)(iia) of the Income Tax Act, 1961
Notification No. 153/2025 | 15-Oct-2025
Tax Exemption on Specified Income of "U.P. Awas Evam Vikas Parishad" from U/s 10(46A)
Circular No. 15/2025 | 29-Oct-2025
Extension of timelines for filing of various reports of audit and Income Tax Returns (ITRs) for the Assessment Year 2025-26
Circular No. 14/2025 | 25-Sep-2025
Extension of timelines for filing of various reports of audit for Financial Year 2024-25 (relevant to Assessment Year 2025-26) by auditable assessees
Circular No. 13/2025 | 19-Sep-2025
Waiver of Interest under Section 220(2) on Delayed Demand Payment Due to Incorrect Claim of Rebate under Section 87A - Order under section 119 of the Income-tax Act, 1961
Circular No. 12/2025 | 15-Sep-2025
Extension of due date for filing of ITRs for the Assessment Year 2025-26
Circular No. 11 of 2025 | 02-Sep-2025
Modification to Circular No. 9 of 2022 (F. No. 370142/2/2022-TPL) dated 09.05.2022 of CBDT

Recent Updates

C&AG’s performance Audit report No.1 of 2019 on “Assessment of assesses in entertainment sector- verification of expenses in assessment of Entertainment sector
Circulars
Income Tax Act, 1961 – Sections 92CA, 92B, 143(3), 36(1)(iii), 40(a)(i), 234B and 270A – The assessee, engaged in IT-enabled services for the pharmaceutical and healthcare industries, challenged several transfer pricing adjustments and disallowan...
Caselaws
Income Tax Act, 1961 - Sections 132, 153A, 69C, 69A and 292C - The case involved a search operation conducted under Section 132 at the residence of an individual, a sitting Member of the Legislative Assembly (MLA), during which loose papers and digit...
Caselaws
Income Tax Act, 1961 - Sections 92C(3), 92(1), 9(1)(vi) and 9(1)(vii) - The case pertains to a foreign entity incorporated in the Netherlands providing various services to its Indian associated enterprises (AEs), including LNG storage services, manpo...
Caselaws
Income Tax Act - whether the assessment order passed under section 148 is valid in the absence of issue of notice u/s 143(2) of the Act – assessee claims that the assessment order passed under section 148/143(3) of the Act under appeal is bad in la...
Acts

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  • vivek

    By Vivek Jalan, Partner, Tax Connect Advisory Services LLP 08-Nov-2023

    Cross border Payment Aggregators like Amazon (Pay) India, Google India, Razorpay, Pine Labs, PayPal, Cashfree, Paymate, etc to be directly regulated by RBI now ... Read more

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